One of the lasting effects of the recession has been clients wising up on the value of first-year associates (or the lack thereof). Many at large law firms knew that junior associates contributed little more than manpower during their first couple of years at a firm. But only in the crucible of the recession did clients start asking why they were paying money to finish the training of junior Biglaw associates.
Of course, being able to bill out your new labor at high billing rates is a key part of the law firm business model. Firms are already in a bind: since American law schools insist on graduating students with little to no practical skills, the kids must be trained. Training them on the client’s dime (while the law firm partners pocket a profit) is just one of the ways it has always been done.
But those who do not innovate die. Today brings news that two major law firms are going to try something different with their first-years.
The first-years will get paid their usual $160K salary. But at least at the start, they’ll have to go through more training…
As we mentioned yesterday, on-campus interview season has started at law schools all across the land. We’re happy to serve as your one-stop shopping center for all things OCI. Just send us an email (subject: “OCI”) about the things going on at your school that deserve more attention.
Today’s news is on the funny side. It appears that the wild and crazy kids from BYU Law are taking the stress of OCI in stride….
We know how much our readers love rankings, so as we mentioned in Morning Docket, the National Jurist has released the fifth annual list of the 60 Best Value law schools in its preLaw magazine. As it stands, the list remains unranked, but the final grades for the honor roll are expected in October.
The Best Value ranking typically takes into account the following criteria: in-state tuition, average student debt, the percentage of graduates employed nine months after graduation, and bar passage rates.
But this year, the National Jurist made some adjustments to its rankings methodology to account for “fairness.” It now takes into account averages for bar passage rates and post-graduation employment over the past two years. And even if a law school didn’t meet one of these important standards, the school wasn’t automatically excluded from consideration. Everyone gets a trophy in this year’s Best Value rankings.
You may be surprised at some of the law schools that made this year’s Best Value honor roll. Check and see if your school made the list, after the jump….
It has been a few weeks since we last wrote at length about the investigation into the murder of Lauren Giddings. As you may recall, Giddings was a recent graduate of Mercer Law School whose decapitated torso was found on June 30 in Macon, Georgia.
A former neighbor and classmate of Giddings, Stephen M. McDaniel, 25, has been charged with her murder. McDaniel is being held at the Bibb County jail, where he has been for several weeks.
There have been a few recent developments in the case — nothing major, but still worth noting….
It’s time for on-campus interviewing. All across the country, law students are stuffing themselves into business suits and prostrating themselves on the floors of some of the nation’s finest campus hotels.
It’s a stressful time. New law students might show up at law school having done no research into the legal job market, but after one short year the kids start to wise up. They realize, some for the first time, that 90% of them will not be in the top ten percent of the class. They realize that if they don’t get one of the handful of high-paying jobs, they’ll be relegated to gladiatorial combat for the low-paying leftovers. They realize, as rising 2Ls, that maybe they should have listened to everybody who warned them about law school in the first place.
But they know they can make it all go away if they are successful during OCI. If only they can wow the law-firm interviewers who show up on campus.
The problem is that for many law students, especially those at schools ranked outside the top national institutions, their OCI fate was decided long before they shook the hand of any interviewer.
One tipster is just now realizing that, and he is understandably pissed….
The 'scamblogging' law professor has revealed himself.
Earlier this month, we wrote about an anonymous law professor — a tenured professor, at a top-tier school — essentially joining the ranks of the law school scambloggers. Writing over at a site entitled Inside the Law School Scam, under the pseudonym LawProf, the author offered a harsh indictment of legal education, purportedly from within the ivory tower.
I believed that the author was who he said he was, but others did not. Professor Ann Althouse, for example, opined that the blogger was a student, “uncharitably projecting thoughts onto [a] professor” (who talked about how little he, and his colleagues, prepared for teaching). Professor Althouse explained that she thought was student-written, “because it had some bad writing and simplistic thinking.”
Well, as it turns out, LawProf is an actual tenured law professor, at a top 50 law school. Who is he, and where does he teach?
* I’m very glad that everybody is now here at the “there’s a huge problem with the market for legal education” party. Can I interest anybody in the “prospective law students are incapable of making a rational choice” punch? It’s spiked with Absolut Special Snowflake and it gives everybody the same deranged sense of self worth as new law student. [Truth on the Market]
* Of course, if you absolutely must go to law school, think outside the box and be ready to take advantage of any opportunity. You are responsible for your own career from day one. [An Associate's Mind]
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: firstname.lastname@example.org.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
When you talk to a prospective lateral about your firm during their first meeting, the conversation can go deep, sideways, and in circles. There is so much to share and discuss. What path of a dialogue can you follow to get better odds of a favorable conclusion?
Consider this template as a model you can use to discuss your firm’s opportunity. This simplifies the conversation and gives you a mental framework so the discussion is meaningful, relevant and moves things forward.
The Four P’s
In my transition from retained corporate executive search to legal search, I saw that there were many levels of complexity in the move of a partner transitioning from firm A to firm B. In placing an executive in a corporation, it was simple because of the linear nature of relationships in corporations. In a law firm, because of the multi-layered aspect of the interdependent relationships that each partner must manage with others, the dialogue is much more involved.
The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history. ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers all over the world. Check it out today!